Financial Times FT.com

Sharp discord over direction of US equities

By Anuj Gangahar in New York

Published: February 16 2009 19:21 | Last updated: February 16 2009 19:21

The divergence of analysts’ estimates for the level at which the S&P 500 index will end this year serves as a reminder that uncertainty remains among the most powerful forces driving the US stock market.

The consensus for where the benchmark index will be at the end of December falls somewhere around the 1,000 mark, but views on either side of that figure range from a bearish low of about 400 up to about 1,200.

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